Any updates on the legal status of Inchain?
Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?
Hi,
We are looking for the best jurisdiction for Inchain, the candidates: Switzerland, UK, Hong Kong.
Quote from the article you posted earlier
https://medium.com/@piersbxd/should-a-dao-have-a-legal-entity-715a9cf31301#.v4wxpbir1In some ways a DAO legally may be based wherever you want it to be, although countries with large numbers of free trade deals are generally going to be preferred if you do decide on the legal thing. USA/EU are good starting points.
Is there a reason that all of your candidates are outside US/EU?
As far as I can tell, of the three only Switzerland allows anonymous partners and requires that at least one director lives in Switzerland.
For Switzerland and UK avoiding double taxation on dividends could be an issue for token holders.
Compliance in Hong Kong does seem pretty reasonable but as far as I can tell still requires all token holders to be registered with the company.
We are exploring the options and have not made any decisions yet.
Feel free to make your proposals.
Obviously there are pros and cons for every jurisdiction.
More details a bit later...